11:48 AM EDT, 03/12/2025 (MT Newswires) -- (Updates shares.)

Blackline Safety ( BLKLF ) reported on Wednesday a first-quarter loss lower than analysts' expectations.

The company posted a loss of $1.1 million, or $0.01 per share, compared with a loss of $5.8 million, or $0.08, in the year prior quarter. The result beat the consensus forecast for a loss of $0.03 per share, according to FactSet.

Revenue rose 43% to $37.7 million from $26.3 million, topping the consensus estimate of $32.7 million.

"This marks our 32nd consecutive quarter of year-over-year revenue growth, reflecting the robust market adoption of our industry-transforming connected safety solutions," said chief executive Cody Slater.

In its outlook, Blackline said it increased inventory located at its U.S. operations and is making plans to implement some product assembly in the U.S. to mitigate the potential impact of tariffs on product gross margins and earnings.

Blackline shares were last seen up $0.40 to $6.62 on the Toronto Stock Exchange.

Price: 6.62, Change: +0.40, Percent Change: +6.43